News

2016 review: politics in the driver’s seat

04.01.2017

2016 was full of surprises. Politics took centre stage once concerns about China and falling oil prices receded. The plunge in crude prices and heightened risk of further CNY depreciation in January-February triggered disruptive sell-offs in credit and other asset markets. Brexit, Rousseff, Trump and Renzi then induced major financial market turnarounds, most of the time in unexpected ways.